APG Asset Management N.V. trimmed its stake in Discovery Communications Inc. (NASDAQ:DISCA) by 96.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 45,600 shares of the company’s stock after selling 1,101,300 shares during the quarter. APG Asset Management N.V.’s holdings in Discovery Communications were worth $850,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its stake in shares of Discovery Communications by 437.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,969 shares of the company’s stock valued at $102,000 after purchasing an additional 3,230 shares in the last quarter. Advisor Group Inc. raised its position in Discovery Communications by 27.7% in the second quarter. Advisor Group Inc. now owns 9,100 shares of the company’s stock worth $235,000 after acquiring an additional 1,975 shares in the last quarter. Flossbach Von Storch AG bought a new stake in Discovery Communications in the third quarter worth about $208,000. OLD National Bancorp IN bought a new stake in Discovery Communications in the third quarter worth about $222,000. Finally, Sentry Investment Management LLC raised its position in Discovery Communications by 1.1% in the second quarter. Sentry Investment Management LLC now owns 11,406 shares of the company’s stock worth $295,000 after acquiring an additional 123 shares in the last quarter. Institutional investors own 47.91% of the company’s stock.
Shares of Discovery Communications Inc. (NASDAQ DISCA) traded down $0.18 during mid-day trading on Friday, hitting $23.86. The stock had a trading volume of 2,951,943 shares, compared to its average volume of 5,420,000. Discovery Communications Inc. has a one year low of $15.99 and a one year high of $30.25. The firm has a market capitalization of $8,760.00, a price-to-earnings ratio of 18.79, a PEG ratio of 1.22 and a beta of 1.59. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 2.56.
In related news, Director John C. Malone purchased 332,523 shares of the stock in a transaction on Wednesday, December 13th. The shares were purchased at an average cost of $19.72 per share, for a total transaction of $6,557,353.56. Following the completion of the transaction, the director now directly owns 671,095 shares of the company’s stock, valued at approximately $13,233,993.40. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Bruce Campbell sold 15,976 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $21.50, for a total value of $343,484.00. Following the sale, the insider now owns 85,298 shares in the company, valued at approximately $1,833,907. The disclosure for this sale can be found here. Insiders own 6.81% of the company’s stock.
A number of equities analysts recently weighed in on DISCA shares. ValuEngine cut Discovery Communications from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research raised Discovery Communications from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. BidaskClub raised Discovery Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, January 23rd. Royal Bank of Canada lifted their target price on Discovery Communications to $29.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. Finally, Pivotal Research cut Discovery Communications from a “buy” rating to a “hold” rating and lowered their target price for the company from $26.00 to $25.00 in a research note on Tuesday, January 9th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $24.44.
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Discovery Communications Profile
Discovery Communications, Inc (Discovery) is a global media company. The Company provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air (FTA) and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments include U.S.
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